Real Estate

Buying land in Colorado – What To Keep in Mind?

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Are you looking for land in Colorado? If so, then there are a few important things you have to consider before making your decision. Some buyers want a house and a lot, while others buy land and construct the house of their dream. Colorado is one of the most beautiful states in the United States, known for its diverse landscapes – mountains, plateaus, rivers, and valleys. 

Before you head on and purchase your very own land in Colorado, you have to consider the following factors:

  • Available source of water 

Before buying a land, you have to first figure out your source of water. Colorado has a lot of rural terrains and you might want to buy a land in a secluded part of Colorado wherein water is not that accessible. Basically, you have to pay for a tap fee and install pipes and meters. Water can be supplied by a well, which means you need to have a permit to drill. You also need to know beforehand if the land has access to an existing sewer system or if you need to install a septic system. 

  • Availability of electricity 

Make sure that the land you are going to buy has access to electricity, and if it is, you need to pay a hook-up fee. It is cheaper than to have the electric run to your property.

  • Accessibility of terrain 

You have to know how long it will take to travel to major business hubs – schools, shopping centers, medical centers, jobs, and airports. Colorado has a diverse terrain and it may take much longer to reach your desired destination. 

  • Zoning lawS 

By the time come you want to build your dream house, you have to strictly adhere to the zoning codes. So, it is important to figure out the zoning laws before you purchase a land. 

  • Cost of taxes 

It may surprise you but the tax of vacant lands is higher than an already constructed residential property. Before buying a piece of land, you have to understand the tax implications. 

For more information about buying a real estate property in Colorado, feel free to visit this link www.flatraterealtygroup.com.

 

 

 

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